Bitcoin has retreated to its lowest level in three weeks, slipping below the critical $60,000 threshold that had held firm for nearly two years.
The sell-off coincides with reports that Strategy, the corporate entity formerly known as MicroStrategy, is planning a $5 billion sale of assets to manage its aggressive balance sheet.
The digital asset is now trading at its weakest point since October 2024, marking a significant deterioration in price action.
This breakdown of a long-standing support level signals growing pressure on the cryptocurrency market, with investors reassessing risk exposure amid the broader correction.
The market is increasingly stress-testing Strategy’s financial model, which has relied heavily on debt-funded Bitcoin accumulation.
As the asset price deteriorates, the company’s leverage becomes a focal point for traders and analysts monitoring potential liquidity risks.